Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-311true2022-04-01falseNo description of principal activity1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00545679 2022-04-01 2023-03-31 00545679 2021-04-01 2022-03-31 00545679 2023-03-31 00545679 2022-03-31 00545679 c:Director1 2022-04-01 2023-03-31 00545679 d:ComputerEquipment 2022-04-01 2023-03-31 00545679 d:ComputerEquipment 2023-03-31 00545679 d:ComputerEquipment 2022-03-31 00545679 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 00545679 d:LeaseholdInvestmentProperty 2023-03-31 00545679 d:LeaseholdInvestmentProperty 2022-03-31 00545679 d:LeaseholdInvestmentProperty 2 2022-04-01 2023-03-31 00545679 d:CurrentFinancialInstruments 2023-03-31 00545679 d:CurrentFinancialInstruments 2022-03-31 00545679 d:Non-currentFinancialInstruments 2023-03-31 00545679 d:Non-currentFinancialInstruments 2022-03-31 00545679 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 00545679 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 00545679 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 00545679 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 00545679 d:ShareCapital 2023-03-31 00545679 d:ShareCapital 2022-03-31 00545679 d:CapitalRedemptionReserve 2023-03-31 00545679 d:CapitalRedemptionReserve 2022-03-31 00545679 d:RevaluationReserve 2023-03-31 00545679 d:RevaluationReserve 2022-03-31 00545679 d:OtherMiscellaneousReserve 2023-03-31 00545679 d:OtherMiscellaneousReserve 2022-03-31 00545679 d:RetainedEarningsAccumulatedLosses 2023-03-31 00545679 d:RetainedEarningsAccumulatedLosses 2022-03-31 00545679 c:FRS102 2022-04-01 2023-03-31 00545679 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 00545679 c:FullAccounts 2022-04-01 2023-03-31 00545679 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 00545679 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Company registration number: 00545679







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2023


SELCY INVESTMENTS LIMITED






































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SELCY INVESTMENTS LIMITED
REGISTERED NUMBER:00545679



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
296

Investment property
 5 
4,090,000
4,300,000

  
4,090,000
4,300,296

Current assets
  

Debtors: amounts falling due within one year
 6 
22,208
277,554

Cash at bank and in hand
  
476
29,153

  
22,684
306,707

Creditors: amounts falling due within one year
 7 
(2,486,729)
(2,792,952)

Net current liabilities
  
 
 
(2,464,045)
 
 
(2,486,245)

Total assets less current liabilities
  
1,625,955
1,814,051

Creditors: amounts falling due after more than one year
 8 
(72,000)
(88,000)

Provisions for liabilities
  

Deferred tax
  
(96,533)
(102,254)

  
 
 
(96,533)
 
 
(102,254)

Net assets
  
1,457,422
1,623,797


Capital and reserves
  

Called up share capital 
  
25
25

Investment property fair value
  
708,704
912,983

Capital redemption reserve
  
25
25

Other reserves
  
210
210

Retained earnings
  
748,458
710,554

  
1,457,422
1,623,797


Page 1

 


SELCY INVESTMENTS LIMITED
REGISTERED NUMBER:00545679


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J Piatkus
Director

Date: 15 March 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 


SELCY INVESTMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Selcy Investments Limited is a private company, limited by shares, registered in England and Wales. The Company's registered number and registered office address can be found on the Company Information page.
The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

While the financial statements have been prepared on a going concern basis, it should be brought to the user's attention the net current liabilities reported. This is materially made up of an amount owed to the director of the company and they have confirmed that this will not be called for payment in the 12 months following approval of the financial statements.

The following principal accounting policies have been applied:

  
2.2

Revenue

Revenue represents the total value of rents receivable from the letting of investment properties throughout the course of the year.
Revenue is recognised as rents become due for payment to the company.

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 3

 


SELCY INVESTMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Investment property

Investment property is carried at fair value determined annually  and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Financial instruments

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 4

 


SELCY INVESTMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Computer equipment

£



Cost


At 1 April 2022
2,125



At 31 March 2023

2,125



Depreciation


At 1 April 2022
1,829


Charge for the year on owned assets
296



At 31 March 2023

2,125



Net book value



At 31 March 2023
-



At 31 March 2022
296

Page 5

 


SELCY INVESTMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Investment property


Investment property

£



Valuation


At 1 April 2022
4,300,000


Surplus on revaluation
(210,000)



At 31 March 2023
4,090,000

The 2023 fair values were established by the director, on an open market value for existing use basis.





6.


Debtors

2023
2022
£
£


Trade debtors
1,706
2,623

Other debtors
2,059
267,047

Prepayments and accrued income
18,443
7,884

22,208
277,554


Page 6

 


SELCY INVESTMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
16,000
16,000

Trade creditors
883
2,611

Corporation tax
8,951
17,798

Other creditors
2,434,035
2,751,408

Accruals and deferred income
26,860
5,135

2,486,729
2,792,952


The following liabilities were secured:

2023
2022
£
£



Bank loans
16,000
16,000

16,000
16,000

Details of security provided:

Bank loans totalling are secured by way of a fixed charge over various investment properties owned by the company.


8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
72,000
88,000

72,000
88,000


The following liabilities were secured:

2023
2022
£
£



Bank loans
72,000
88,000

72,000
88,000

Details of security provided:

Bank loans totalling are secured by way of a fixed charge over various investment properties owned by the company.

Page 7

 


SELCY INVESTMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Related party transactions

During the year, transactions of £293,213 (2022: £36,250) reduced the amount owned to the director by the company. This loan is free of interest and repayable on demand.

 
Page 8